As a business owner seeking financing, you have no shortage of options to choose from. Fundera and Lendio both offer an easy application process, but Lendio boasts higher approval rates with a wider array of providers. Consider your unique credit profile and the requirements below before deciding.
| Fundera | Lendio | |
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| Finder rating | ★★★★★ | ★★★★★ |
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| Interest rates | Varies by lender | Varies by lender |
| Fees | No fees for applying | No fees for applying |
| Loan amounts | Up to $5 million | $1,000 to $5,000,000 |
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| Eligibility requirements |
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| Ratings |
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| State availability | Available in all states | Available in all states |
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Both Fundera and Lendio are highly reputable lending marketplaces with a similar suite of loan products offered, as well as quick funding time. However, Lendio may be a stronger contender for borrowers looking for a wider selection of options with its network of 75+ lenders. And, if you think you may have difficulty qualifying for a business loan, Lendio’s wider network could offer a better chance of finding a lender willing to work with you.
Fundera is a good choice for borrowers who want:
Lendio may be the best option for borrowers who need:
Fundera and Lendio are similar in that they allow borrowers to compare SBA loans, equipment loans, lines of credit and startup loans, among many others, to help customers make a well-informed decision.
Both lenders are highly rated by the Better Business Bureau as well as by consumers on Trustpilot. For borrowers who seek extra support during the application process, both platforms offer staff to guide consumers to the right products based on their business needs. They each also offer quick turnaround times for funding.
Compare up to four lenders side-by-side to see how they stack up.
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How we picked theseThe Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
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